ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Hyperliquid against Phoenix−0.178%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.178% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2472	0.0195	pay 0.0024% / 1h	5m 15s	$4K	$100K	10x
Short	Hyperliquid ADA	0.2467	0.0223	get 0.0028% / 1h	5m 15s	$43.5M	$15.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee HyperliquidbpOrdersPrice spread, now −0.178%Rate

Funding earned: $5.82
Price spread: −0.178% → 0.000%: −$17.8
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.99
Costs to cover: 0.160%
Break-even: 40.7 days

Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	1.21 bp	7.9 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2465	−0.286%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	−0.235%	$160K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.302%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.032%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2464	−0.316%	$423K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2465	−0.295%	$6.3M	$12.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2466	−0.223%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	−0.274%	$1.2M	$988K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	−0.227%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	−0.254%	$104.4M	$370.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.316%	$71.9M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2464	−0.316%	$33.0M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.356%	$98.5M	$59.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	−0.316%	$61.6M	$61.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.271%	$29.8M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.316%	$66.3M	$49.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	−0.316%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	−0.295%	$130K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	−0.272%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2470	−0.086%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	−0.154%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	−0.154%	$227K	$747K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	−0.275%	$94K	$689K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.316%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.273%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	−0.237%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	−0.271%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2465	−0.295%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	−0.235%	$48.1M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	−0.283%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2466	−0.225%	$21K	$250	20x	as long as short
Phoenix ADAlong	+0.0195%	1h	0.2472	long leg	$4K	$100K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2467	−0.194%	$4.5M	$5.8M	75x	as long as short
Hyperliquid ADAshort	+0.0223%	1h	0.2467	−0.178%	$43.5M	$15.1M	10x
Reya ADARUSDPERP	+0.0278%	1h	0.2465	−0.275%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0481%	1h	0.2466	−0.251%	$598K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0594% / S −0.0547%	1h	0.2463	−0.339%	$133K	—	100x	as long as short